The report predicts the global nucleic acid testing market to grow with
a CAGR of 7.9% over the forecast period of 2018-2024. The study on
nucleic acid testing market covers the analysis of the leading
geographies such as North America, Europe, Asia-Pacific and RoW for the
period of 2016-2024.

Nucleic acid is a naturally occurring chemical compound that is capable
of being broken down to yield phosphoric acid, sugars, and a mixture of
organic bases. Nucleic acids are the main information-carrying molecules
of the cell, and, by directing the process of protein synthesis, they
determine the inherited characteristics of every living thing. Nucleic
acids are molecules that allow organisms to transfer genetic information
from one generation to the next.

Major growth drivers for the nucleic acid testing market includes
increasing prevalence of infectious diseases like cancer and genetic
diseases, growing demand for technological advancements in testing
methods and supportive regulatory mechanisms worldwide. However, the
adverse events and false operative functionality associated with the
nucleic acid testing kits and reagents may hamper the demand for the
nucleic acid testing market product. Growing demand for new & improved
testing methods that utilizes new reagent systems and automated
amplification systems in wide range of applications will also provide
this market with lucrative opportunities in the coming future.